Why CNOOC (CEO) Stock Is Lower Today

NEW YORK (TheStreet) -- Shares of CNOOC Ltd. (CEO) are down -1.43% to $163.56 as the Beijing-based offshore crude oil and natural gas producer sells multibillion-dollar bonds in three portions, in part to repay loans related to $15.1 billion purchase of Canadian oil-sands operator Nexen Inc., sources say, the Wall Street Journal reports.

Cnooc's bonds are marketed to U.S. investors, and are provisionally rated at Aa3 by Moody's Investors Service and AA- by Standard & Poor's.

Must Read: Warren Buffett's 10 Favorite Growth Stocks

 
CEO Chart

CEO data by YCharts

STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more. 

If you liked this article you might like

Jim Cramer: Looking for Treasure in the Cellar

Jim Cramer: Looking for Treasure in the Cellar

Cramer: Looking for Treasure in the Cellar

Cramer: Looking for Treasure in the Cellar

General Electric's Startling C-Suite Shakeup Sparks Concern

General Electric's Startling C-Suite Shakeup Sparks Concern

In Trump CEO Council Exodus, Early Movers Stand Out

In Trump CEO Council Exodus, Early Movers Stand Out

War of Words With China Intensifies Over South China Sea

War of Words With China Intensifies Over South China Sea